Internal Revenue Bulletin:
2003-40

October 6, 2003

EMPLOYMENT TAX

Split-dollar life insurance arrangements. Certain previously published revenue rulings are obsoleted to the extent described in this ruling. The previously published
rulings are obsoleted in light of T.D. 9092, which provides comprehensive final regulations regarding the federal income,
gift, and employment taxation of split-dollar life insurance arrangements. Rev. Ruls. 78-420 and 79-50 obsoleted. Rev. Rul.
66-610 partially obsoleted.